MFA Financial, Inc. (MFA) CEO Buys $58,400.00 in Stock

MFA Financial, Inc. (NYSE:MFA) CEO Craig L. Knutson bought 8,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of $7.30 per share, for a total transaction of $58,400.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

MFA Financial, Inc. (NYSE:MFA) traded up $0.08 during midday trading on Friday, hitting $7.35. The stock had a trading volume of 2,071,087 shares, compared to its average volume of 3,107,731. MFA Financial, Inc. has a 1 year low of $6.72 and a 1 year high of $8.90. The company has a market capitalization of $2,908.49, a P/E ratio of 9.33 and a beta of 0.46.

MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. MFA Financial had a return on equity of 10.04% and a net margin of 61.24%. The firm had revenue of $52.41 million for the quarter, compared to the consensus estimate of $76.10 million. During the same quarter last year, the company earned $0.18 earnings per share. equities analysts predict that MFA Financial, Inc. will post 0.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend was Wednesday, December 27th. MFA Financial’s dividend payout ratio (DPR) is currently 101.27%.

Several hedge funds and other institutional investors have recently bought and sold shares of MFA. State Street Corp raised its stake in shares of MFA Financial by 0.5% in the second quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock worth $48,305,000 after buying an additional 26,708 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of MFA Financial by 55.0% in the second quarter. Cubist Systematic Strategies LLC now owns 41,546 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 14,746 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of MFA Financial by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 190,112 shares of the real estate investment trust’s stock worth $1,595,000 after buying an additional 9,580 shares during the period. APG Asset Management N.V. bought a new position in shares of MFA Financial in the third quarter worth about $925,000. Finally, First Quadrant L P CA raised its stake in shares of MFA Financial by 28.3% in the third quarter. First Quadrant L P CA now owns 2,684,624 shares of the real estate investment trust’s stock worth $23,517,000 after buying an additional 591,765 shares during the period. 79.42% of the stock is currently owned by hedge funds and other institutional investors.

MFA has been the topic of a number of recent research reports. B. Riley reissued a “neutral” rating on shares of MFA Financial in a report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a report on Tuesday, November 7th. Zacks Investment Research downgraded MFA Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. Finally, BidaskClub downgraded MFA Financial from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.81.

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MFA Financial Company Profile

MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.

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